Gen X just saw a big bump in 401(k) millionaires

According to a new report from Fidelity, there were 9.5% more 401(k) millionaires in the third quarter, and many of them are Gen Xers.

Wall Street is hitting new record highs on a regular basis these days—and that’s making a strong case for people to invest in their retirement plans. A new report from Fidelity finds that the number of 401(k) accounts that are worth $1 million or more increased 9.5% in the third quarter.